Presentation on theme: "Welcome! Certification in Hotel Industry Analytics Train the Trainer Feb 10-11 (Nashville); Sep 14-15; 21-22; 28-29; Oct 5-6; Dec 17-18, 2012; Mar 22-23,"— Presentation transcript:
Welcome! Certification in Hotel Industry Analytics Train the Trainer Feb 10-11 (Nashville); Sep 14-15; 21-22; 28-29; Oct 5-6; Dec 17-18, 2012; Mar 22-23, 2013; Apr 18-19 (Europe/EHL); May 20-21 (Hong Kong/HK Poly); July 22-23 (ICHRIE); Sep 20-21; Oct 1-31; Oct 14-15 (Germany/ANGELL) Dec 18-19 (WRSTH/UCF); Jan 28-28 (Philippines/COHREP); Feb 17-18 (London/Oxford Brookes), Mar 7-8 (Nashville)
Quick Update on the SHARE Center and an Introduction to “Certification in Hotel Industry Analytics”
STR (Smith Travel Research) The recognized global leader in hotel research, STR provides a benchmarking service to the industry. STR obtains performance data from over 70% of US hotels and 50% of WW hotels, including 90% of chain hotels and most significant independent hotels. STR provides monthly, weekly, and daily STAR Reports to nearly 50K hotels. STR maintains a Census database of over 156,000 hotels throughout the world.
Who does STR serve? Hotel Companies and Hotels (most GM’s bonuses related) Convention & Visitor Bureaus, Tourism and travel organiza- tions, Hotel associations (AHLA, US Travel, Germany, Swiss, Austria) Developers, Consultants, Appraisers (all use STR data) Wall Street, Accounting, Financial firms (all hotel-related) Media (Wall St Journal, USA Today, Financial Times, London Times) National & international hotel conferences (presentations) Hotel vendors (HBO, Starbucks, Google, Expedia, LodgeNet, Sealy) Governments (US: GSA, FEMA, Commerce, BLS, NPS; Australia) Academia (universities, professors, students)
Brief History 1985 – founded, started collecting hotel census data 1987 – started collecting monthly performance data 1992 – started collecting Canada, Mexico, and Caribbean data 1997 – started collecting worldwide performance data 1999 – started collecting daily performance data 2001 – started collecting segmentation (group/transient) data 2003 – started collecting pipeline data 2008 – launched STR Global (offices in London, Milan, Singapore, Beijing, Guangzhou, Tokyo, Dubai, Sydney, Jakarta, Mumbai) also launched HotelNewsNow.com (free news service) 2009 – launched STR Analytics and the Hotel Data Conference 2011 – launched the SHARE Center
Update on the STR SHARE Center Stands for “Supporting Hotel-related Academic Research and Education” A global partnership between ICHRIE and STR, as well as other organizations (AHLEI, AHFME, iHITA, ARES) The mission: –Provide thorough and timely data for academic research –Provide comprehensive and relevant training materials for the classroom Launched in 2011, nearly 300 schools involved from 37 different countries, including over 125 non-US schools
The SHARE Center has nearly 300 members Schools in 37 Countries U.S. A-B Tech American Public Univ System Appalachian State Univ Arizona State Univ Atlantic Cape Community College Auburn Univ Ball State Univ Baruch College Berry College Black Hills State Univ Boston Univ Bradley Univ Brevard College BYU - Hawaii California State Poly Pomona California State University – Dominguez Hills California State University – East Bay Central Connecticut State Univ Cheyney Univ of Pennsylvania Clemson Univ College Of Charleston College of Coastal Georgia College of the Canyons College of the Ozarks Colorado State Univ Columbia Univ Cornell Univ Dakota County Technical College Delaware County Community College Delaware State Univ DePaul Univ Drexel Univ East Carolina Univ Eastern Michigan Univ Emory Univ Endicott College Fairleigh Dickinson Univ Ferris State Univ Florida Atlantic Univ Florida Gulf Coast Univ Florida International Univ Florida State Univ George Mason Univ George Washington Univ Georgetown Univ Georgia Regents Univ Georgia State Univ Grand Valley State Univ Harris Stowe State Univ Harvard Business School Hocking College Howard Community College Husson Univ Illinois CareerPath Institute Intl Air & Hospitality Academy Iowa State Univ Ivy Tech Community College James Madison Univ Johnson & Wales – Charlotte Johnson & Wales – Denver Johnson & Wales – Nth Miami Johnson & Wales – Providence Kansas State Univ Kendall College Kent State Univ LaGuardia Community College Lane Community College Lasell College Lehigh Univ Longwood Univ Lynn University Massachusetts Institute of Technology Metropolitan State Univ Denver Miami Dade College Michigan State Univ Mississippi State Univ Missouri State Univ Mt Hood Community College New Mexico State Univ New York City College of Technology New York Univ Niagara Univ North Dakota State Univ Northampton Community College Northern Arizona Univ Northern Illinois Univ Northwestern Univ NYIT School of Mgmt Ohio State Univ Oklahoma State Univ Old Dominion Univ Paul Smith’s College Pennsylvania State Univ Pepperdine Univ Pima County Community College Pittsburgh State Univ Purdue Univ Purdue Univ – Calumet Purdue Univ – Fort Wayne Richard Stockton College of NJ Roosevelt Univ Saint Leo Univ San Diego State Univ San Francisco State Univ San Jose State Univ Santa Rosa Junior College South Dakota State Univ Southern Methodist Univ Southern Oregon Univ Southern Utah Univ Southwest Minnesota State Univ Stanford Univ SUNY Delhi Temple Univ Texas A&M Univ Texas Tech Univ Univ of Akron Univ of Alabama Univ of Arkansas Univ of California - Irvine Univ of Central Florida Univ of Delaware Univ of Denver Univ of Florida Univ of Houston Univ of Kentucky Univ of Maryland Eastern Shore Univ of Massachusetts - Amherst Univ of Memphis Univ of Mississippi Univ of Missouri Univ of Nevada – Las Vegas Univ of New Hampshire Univ of Hew Haven Univ of New Orleans Univ of North Carolina Univ of North Carolina - Charlotte Univ of North Carolina – Greensboro Univ of Pennsylvania Univ of Pittsburgh – Bradford Univ of San Francisco Univ of South Carolina Univ of South Carolina – Beaufort Univ of South Florida Univ of Southern California Univ of Southern Mississippi Univ of Tennessee Univ of Utah Univ of Washington Univ of Wyoming US Air Force Academy Virginia State Univ Virginia Tech Univ Walnut Hill College Washington State Univ Webster Univ West Virginia Univ Western Carolina Univ Western Illinois Univ Western Kentucky Univ Widener Univ York College of Pennsylvania Youngstown State Univ Non-U.S. Algonquin College (CAN) ANGELL Akademie Freiburg (GER) Arellano Univ (PHL) Asian School of Hospitality Arts (PHL) Bandung Institute of Tourism (INS) Bataan Peninsula State Univ (PHL) Beijing Hospitality Institute (CNA) Beijing International Studies Univ (CNA) Benedicto College (PHL) Burapha Univ International College (THA) Cardiff Metropolitan Univ (UKM) Cavite State Univ (PHL) Central Colleges of the Philippines (PHL) Centro Escolar Univ (PHL) Centro Superior De Hosteleria De Galicia (SPA) Cesar Ritz Colleges (SWI) Chinese Univ of Hong Kong (CNA) Conestoga College (CAN) Cork Institute of Technology (IRE) Cyprus Univ of Technology (CYP) Dublin Institute of Technology (IRE) Dusit Thani College (THA) Duy Tan Univ (VET) Ecole Hoteliere Lausanne (SWI) Ecole Polytechnique (FRA) Emirates Academy of Hospitality Mgt (UAE) Enderun Colleges (PHL) Erasmus Univ (BEL) Essec Business School (FRA) Estonian School of Hotel & Tourism Mgmt (EST) Foundation Univ (PHL) Glion Inst of Higher Education (SWI) Griffith Univ (AUS) Guagua National Colleges (PHL) Haaga-Helia Uas (FIN) Hazara Univ (PAK) Hong Kong Polytechnic Univ (CNA) Hotelschool The Hague (NTH) HR Academy (KRS) Imus Institute (PHL) ISHRM School System (PHL) Inst de tourisme et d’hotellerie du Quebec (CAN) IUBH - Intl Hochschule Bad Honnef (GER) Joji Ilagan College of Business and Tourism (PHL) KonKuk Univ (KRS) KTH Royal Institute of Technology (SWE) Kyung Hee Univ (KRS) La Consolacion College – Bacolod (PHL) Leiden Univ (NTH) Les Roches (SWI) Leyte Normal Univ – Tacloban City (PHL) Lipa City College (PHL) London School of Economics and Politics (UKM) Lyceum of the Philippines Univ - Batangas (PHL) Lyceum of the Philippines Univ - Cavite (PHL) Lyceum of the Philippines Univ – Laguna (PHL) Lyceum of the Philippines Univ – Manila (PHL) Malayan Colleges Laguna (PHL) Manchester Metropolitan Univ (UKM) Manuel S. Enverga Univ Foundation (PHL) Meio Univ (JPN) Mindanao State Univ (PHL) MODUL Univ Vienna (AST) Mount Saint Vincent Univ (CAN) Naga College Foundation (PHL) National Kaohsiung Univ (TRC) National Univ – Manila (PHL) National Univ of Singapore (SNG) NHTV Breda Univ of Applied Sciences (NTH) Niagara College (CAN) Northpoint Academy for Culinary Arts (PHL) Northern Iloilo Polytechnic State College (PHL) Northwest Samar State Univ (PHL) Notre Dame of Midsayap College (PHL) Oceanlink Institute Inc. (PHL) Orebro Univ (SWE) Oxford Brookes Univ (UKM) Philippine Christian Univ (PHL) Philippine Women’s University (PHL) Polytechnic Institute of Viseu (POR) Polytechnic Univ of the Philippines (PHL) Private Hotel School (SAF) Professional Electronics Institute (PHL) Ryerson Univ (CAN) Saint Louis University (PHL) Saint Mary’s Univ (PHL) San Juan de Dios Educational Foundation (PHL) Saxion Univ of Applied Sciences (NTH) Schweizerische Hotelfachschule Luzern SHL (SWI) Selkirk College (CAN) Shanghai Business School (CAN) Sheffield Hallam Univ (UKM) Southfield Foreign Univ (PHL) St Michael’s College of Laguna (PHL) Stenden Univ (NTH) Strathmore Univ (KEN) Sun Yat-Sen Univ (CNA) Surigao State College of Technology (PHL) Swiss Institute of Management (SWI) Trinity Univ of Asia (PHL) Univ College Northern Denmark (DEN) Univ of Amsterdam (NTH) Univ of Baguio (PHL) Univ of Croatia (CRO) Univ of Guelph (CAN) Univ of Macau (CNA) Univ of Santo Tomas (PHL) Univ of Southern Queensland (AUS) Univ of Surrey (UKM) Univ of the Aegean (GRE) Univ of Toronto (CAN) Univ of West London (UKM) Universidad de Deusto (SPA) Universidad Panamericana (MEX) Universidad San Ignacio De Loyola (PER) Universidad do Algarve (POR) Vancouver Island Univ (CAN) Vatel (SWI) Vern Univ of Applied Sciences (CRO) Victoria Univ (AUS) Vienna Univ of Applied Sciences (AST) Wavecrest College of Hospitality (NIG) West Visayas State Univ – Lambunao (PHL) West Visayas State Univ – Pototan (PHL) Western Philippines Univ (PHL) Yeditepe Univ (TUR) Zamboanga State College of Tech (PHL)
SHARE Center Data Hotel Performance (Occupancy, ADR, RevPAR) data Hotel Profit & Loss (accounting) data Hotel Pipeline & Supply data Hotel Census data Hotel Company information Property & Room Counts Forecast reports Hotel Sales Transaction data User-defined Destination reports Ad-hoc Industry data files for research
SHARE Center Resources Help with research, collaboration, merging third party data Training Programs Assistance with student projects Hotel Industry Reference information Sample Reports Subscriptions to industry publications Access to articles & presentations, www.hotelnewsnow.comwww.hotelnewsnow.com “Speaker Support” for Deans/Directors Campus visits, webinars, newsletter, educator forums Train the Trainer sessions for professors
Student Research Projects Hotel-Related Overviews 1.Local Market Overview 2.Comparable Market Analysis 3.Tracking Ongoing Performance 4.Existing Supply Analysis 5.Conversion Activity Analysis 6.Future Supply Analysis 7.Profitability Study 8.Destination Forecasting Impact Analyses 9.Weather-Related 10.Sporting Event 11.Holiday Shift Study 12.Crisis-Related 13.Potential Special Event 14.New Attraction 15.Selected Hotel Comparative Study 16.Correlating Hotel & Other Travel Data 17.Development Potential Market Segment Research 18.Weekday/Weekend and DOW Analysis 19.Group versus Transient Analysis 20.Seasonality Analysis 21.School Vacation/Schedule Analysis 22.Compression/Overflow Analysis 23.Sellout Night Analysis Special Studies 24.Traveler Origin/Intention, Visitor Profile 25.Guest Satisfaction/Review Analysis 26.Feasibility Study 27.Valuation 28.Financial Statement Analysis Provide students with “hands-on” experience working with live data
New SHARE Center Developments Dropbox –Professors obtain accounts –Provides easy access to all of the latest resources Newsletter –Focused on specific topics, types of data and reports –Show how professors are using resources in the classroom –Highlight examples of research from professors and students Linked In group – increase communication and interaction YouTube Channel – online videos and introductions
“Some sort of student certification” Since we started the SHARE Center, the single biggest request from professors was for some sort of student certification. Considerable interest in having a “stamp of approval” on students graduating from hospitality and tourism schools. At the end of 2011, we met with ICHRIE and AH&LEI (the Educational Institute of the AHLEI) and decided to offer a student certification as a joint effort. The primary contacts are Cynthia Deale (ICHRIE), Chris Jack (AH&LEI), and Steve Hood (STR SHARE Center).
Progress Update A pilot program was launched in the summer of 2012 with 80 professors from 50 universities. Participants were surveyed and improvements were made. There are now 200 universities involved, from the US, Canada, South/Central America, Europe, Asia, and the Mideast/Africa. There are 75 non-US schools. Over 1000 students have received the CHIA certification. Sixteen Train the Trainer sessions have been conducted for 400 professors. Training materials, learning objectives, application exercises, and exam questions were reviewed. The program was fine tuned with feedback from professors.
Certification Basics The official name is “STAR Certification in Hotel Industry Analytics”. The abbreviated name is “CHIA”. The certification is offered jointly by the ICHRIE, AH&LEI, and STR to undergraduate and graduate students. Universities that are interested in offering the certification are required to send at least one professor to a Train the Trainer session. There is no charge for this session to members of the SHARE Center. In the future schools will need to have one professor that has the CHIA certification (successfully passing the exam).
Certification Details The exam cost to the student is $75. Need-based scholarships will be considered. Training is focused on 4 content areas: Hotel Analytical Foundations, Hotel Math Fundamentals, Property Level Benchmarking, and Hotel Industry Performance Reports. Testing is administered by EI. There are 50 multiple choice questions on the exam and the minimum passing score is 70%. Students receive certificates and can use the “CHIA” designation after their name on their business card or resume/CV.
Presentation Options Schools are using a variety of different formats to present the training to their students. Universities have incorporated the certification in Lodging Operations, Revenue Management, and Capstone classes. Some universities are offering the training in a workshop and one offered it as a lab. Some schools are presenting the material in one class. Others are spreading the material out over multiple classes. Some have made it optional and others have made it mandatory. Many schools have offered the certification to their graduate students.
Certification Description This is the leading hotel-related certification for university students graduating from Hospitality and Tourism programs. This recognition provides evidence of a thorough knowledge of the foundational metrics, definitions, formulas, and methodologies that are used by the hotel industry. Recipients have proven that they can “do the math” and interpret the results. They have demonstrated an ability to analyze various types of hotel industry data and to make strategic inferences based upon that analysis. Certification also confirms a comprehensive understanding of benchmarking and performance reports. Designees have a grasp of the current landscape of the hotel industry, including relevant current events. Achieving this distinction announces that you have a place among the best graduates in your profession and opens the doors to future career opportunities.
Upcoming Train the Trainer Sessions Additional “Train the Trainer” sessions are scheduled around the world: –April in Beijing, Shanghai, and Tianjin –May in Hong Kong, hosted by HK Poly –May at AsiaPacCHRIE in Kuala Lampur, hosted by Taylors –July at ICHRIE in San Diego –October at EuroCHRIE in Dubai, hosted by Emirates Academy More sessions are being planned (Singapore, London, Eastern Europe, Africa, South America, India). Online TTT sessions are also available.
Academic Certification – Industry Response The industry quickly became aware of the academic version of the CHIA Certification. One major hotel company recently asked a hospitality and tourism department head for her list of CHIA-certified students for two RM trainee positions and hired two. We’ve received many testimonials from graduates who felt the CHIA was instrumental in them obtaining their new job. We’ve also heard great feedback from graduates where they were able to demonstrate their analytics knowledge to their new employers.
Launch of the Industry Version The launch of the industry version of the CHIA was just announced at the New York Hotel Show in November 2013. The industry version is being jointly offered by AHLEI and STR. Pilot CHIA training sessions have been conducted for many of the major hotel companies. Sessions have included general managers, revenue managers, corporate staff, and training staff. More sessions are scheduled. Nearly 100 industry professionals have already received their certification. The cost of the industry certification will be $300 ($250 for AH&LA members). It will count towards continuing education requirements. There is no “length of service” requirement.
Future Possibilities Advanced or focused versions of the CHIA certification are being considered in specific areas: –Revenue Management –Tourism –Finance and Accounting –Real Estate –Technology –Social, Local, Mobile –Sales and Marketing –Lodging Operations
Certification Content The certification relates to four core training areas: 1.Hotel Industry Analytical Foundations 2.Hotel Math Fundamentals, the metrics used by the Hotel Industry 3.Property Level Benchmarking (STAR Reports) 4.Hotel Industry Performance Reports (Trends, Pipeline, P&L and Destination Reports)
Sample Learning Objectives Hotel Math Fundamentals, metrics used by the hotel industry –Define various performance metrics used by the hotel industry –Calculate various performance metrics based upon raw data –Demonstrate an ability to calculate data for multiple time periods –Explain differences in performance metrics between monthly and daily data –Demonstrate an ability to calculate competitive set metrics, including index numbers, based upon raw data –Define ranking and explain the method for calculating –Explain comp set sufficiency and participation issues and their relationship upon metrics
Sample Learning Objectives - continued Property Level Benchmarking with the STAR Reports –Identify the various segments that a subject hotel is compared to on a STAR Report –Identify the various time periods that are measured on both Monthly and Weekly STAR reports –Identify the metrics displayed on the pages of a Weekly and Monthly STAR Report –Explain the significance of the Response page –Explain the value of the Weekday/Weekend and Day of Week metrics –Describe the STAR Report pages that display Group/Transient –Explain why monthly data on the Monthly STAR Report may differ from daily data on the Weekly STAR Report